A high-voltage power line to carry electricity from a 310 MW wind power plant to central Kenya from the north is complete and supply to the national grid will stabilise by December, the energy minister said, replacing diesel generation. The 428 km, 400 kV power line is critical for the Lake Turkana Wind Power project, to carry electricity from Loiyangalani in the north to Suswa in the centre of Kenya.
Kenya 428 km power line complete, to add 310 MW to grid by December
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Transport committee says rail safety regulator should prioritise signalling challenges
The Portfolio Committee on Transport has on Wednesday called on the Rail Safety Regulator (RSR) to prioritise signalling in its programmes. The call comes after more than 100 people were injured on Tuesday after a collision between two passenger Metrorail trains at the Eloff extension in Selby, south of Johannesburg.
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Partnerships enable Highjump to bring new supply chain technology to Africa
With the help of its partners, supply chain software company Highjump is bringing new logistics, freight and warehouse technologies into South Africa and Africa. These technologies include the use of voice commands, which will be important to interact with automated systems and robots that are a growing part of the industry.
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Telkom, universities partner to develop national Fourth Industrial Revolution agenda
Telecommunications giant Telkom and the universities of the Witwatersrand (Wits), Johannesburg (UJ) and Fort Hare on Wednesday launched SA4IR, which is a national response to the Fourth Industrial Revolution. The partnership between the company and the universities seeks to build an inclusive developmental future for South Africans by stimulating a national dialogue and developing a national agenda in response to the impact of the Fourth Industrial Revolution on the country.
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DRDGold expecting rapid gold output from West Rand tailings project
The high quality of the gold tailing retreatment infrastructure that surface gold mining company DRDGold has acquired on the Far West Rand in partnership with Sibanye-Stillwater is enabling the company to get into production very quickly, DRDGold CEO Niél Pretorius said on Wednesday. Speaking in a video conference call from New York, Pretorius the securing of long lead items well in advance had enabled DRDGold to hit the ground running at what has been renamed the Far West Gold Recoveries Project. (Also watch attached Creamer Media video).
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ANC worries over elections as SA enters recession
The chairperson of the African National Congress's (ANC's) subcommittee on economic transformation Enoch Godongwana has admitted that the ruling party is worried about going into the 2019 national elections while the country's reeling from an economic recession. He made the comments to journalists at an impromptu media briefing at the ANC's Luthuli House headquarters in Johannesburg on Wednesday. South Africa officially entered a technical recession after Statistics South Africa announced on ...
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Search on for cause of deadly Denel blast
Emergency agencies and government authorities are working with Rheinmetall Denel Munition to identify the cause of a deadly blast that claimed the lives of eight people, the company said on Wednesday.
The blast on Monday occurred at Rheinmetall Denel's depot in Somerset West, near Cape Town.
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Ramaphosa says South Africa to recover from recession soon
South Africa will soon recover from recession, President Cyril Ramaphosa said on Thursday in his first reaction to news that undermines his effort to revive the economy and attract investment after a decade of stagnation.
Ramaphosa staked his reputation on economic revival when he took over in February from Jacob Zuma, whose tenure was plagued by scandal, and investors welcomed his accession to power in part due to his strong ties to the business community.
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Sars moves to suspend head of legal Refiloe Mokoena
The South African Revenue Service (Sars) has served its head of legal Refiloe Mokoena with a notice of intention to suspend her from her position, News24 has learnt. News24 understands this is in relation with Mokoena's involvement in unlawful R420-million worth of VAT refunds claimed by Gupta companies which Sars paid to third parties in contravention of the VAT Act. Mokoena previously served on the board of State-owned arms manufacturer Denel while it was attempting to establish a ...
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Measures to support economic growth in the pipeline – Cabinet
A stimulus package to boost the South African economy will be announced "within a short period of time", Communications Minister Nomvula Mokonyane said on Thursday. Briefing the media on Wednesday's fortnightly cabinet meeting, Mokonyane said a host of measures would be taken in an attempt to guide the country out of a technical recession following an announcement by Stats SA that the economy contracted by 0.7 percent in the second quarter of the year.
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Fuel-price intervention will have ‘no impact on fiscus’
Cabinet insisted on Thursday that Energy Minister Jeff Radebe’s intervention to hold fuel prices steady in September – rather than to allow for the August under-recovery to be passed on to motorists as usual – would have no impact on the fiscus. In a statement released following its Wednesday meeting, Cabinet said that the country’s national finances were protected from the intervention, as it made use of funds that were already in the fuel-pricing structure.
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Moody's says South Africa recession shock credit negative
Ratings agency Moody's said on Thursday that the South African economy's slide into recession in the second quarter would exacerbate the fiscal and monetary challenges the country faces, calling weaker-than-expected economic data "credit negative".
Data showed on Tuesday that the South African economy contracted 0.7% in the second quarter.
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China says African countries don't think cooperation adds to debt
African leaders attending this week's summit with China don't think that cooperation between the continent and Beijing has added to their debt burden, the Chinese government's top diplomat said on Thursday. Chinese President Xi Jinping pledged $60-billion to African nations at Monday's opening of a China-Africa forum on cooperation, matching the size of funds offered at the last summit in Johannesburg in 2015.
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Himoinsa sales and service facility supporting growth in rental demand
Generator manufacturer Himoinsa has opened its sales and service facility in Midrand to more effectively serve its rental customers and to provide immediate power to clients while customised power systems are manufactured for their specific applications. Schalk Burger has the story.
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Ramaphosa calls for consolidation between SA companies and continent
President Cyril Ramaphosa has called on South African companies to work in partnership, consolidate South African interests on the African continent and to collaborate with China on projects in line with the country's development and integration objectives. Ramaphosa made the call on Thursday after returning to South Africa following a two-pronged state visit to China where he co-chaired the Forum on China-Africa Cooperation (FOCAC) Summit from 2 to 4 September.
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SA launches new probe into Water Ministry contract with Germany's SAP
South African President Cyril Ramaphosa authorised a new investigation into a water ministry contract with German software firm SAP on Thursday, citing allegations that public money was spent unlawfully. The investigation by South Africa's Special Investigating Unit (SIU) comes after the country's anti-graft agency said in March it was conducting its own probe into a R671-million water ministry deal with SAP.
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Feasibility study contractor selected for Mozambique energy project
US-based contractor HDR International has been selected to conduct a feasibility study for a solar energy project in Mozambique. The study will assess the viability of a photovoltaic plant of up to 100 MW, to be developed in increments of 20 MW to 40 MW.
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Manganese star performer, more stability in iron-ore price – Assore
Manganese was the star performer for diversified mining company Assore in the 12 months to June 30, when the Johannesburg Stock Exchange-listed record-performer experienced greater stability in iron-ore pricing but also chrome price volatility caused by global tariff uncertainty. In reporting record financial results with record sales and production and record dividend, the producer of iron-ore, manganese ore, manganese alloys and chrome ore reported record manganese ore production at its Black Rock mine in the Northern Cape and full-capacity ferromanganese production at Sakura Ferroalloys in Malaysia.
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Moody's places MTN on review for downgrade
MTN Group has been put on review by Moody's for downgrade after the South African mobile phone operator said it was on the hook for a total of $10.1-billion from its biggest market Nigeria, the ratings agency said on Thursday.
"MTN's ratings have been placed on review for downgrade to reflect the uncertainty around the potential implications of the recent CBN (Central Bank of Nigeria) and NAG (Nigerian Attorney General) announcements on MTN's credit profile," Moody's said.
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Basil Read business rescue plan meeting rescheduled
Construction firm Basil Read said on Thursday that a creditors meeting to consider its business rescue plan was held this week, but that it had been adjourned to allow more time for affected persons to engage and consider the proposals made in the plan.
The meeting will be reconvened on September 27, the company stated.
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